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Home / Metal News / Long steel social inventories in Guangzhou jumped 14% on week

Long steel social inventories in Guangzhou jumped 14% on week

Dec 25, 2019 14:12

Source:SMM

Stocks increased 14.07% from a week ago to 805,200 mt as of December 25

SHANGHAI, Dec 25 (SMM) – Social inventories of long steel (including wire rods and rebar) in Guangzhou rose this week for a fourth straight week, increasing 14.07% from a week ago to 805,200 mt as of Wednesday December 25, SMM data showed. The inventories were 21.16% higher than a year earlier.

For the same week, stocks of rebar gained 14.12% to 564,000 mt, up 44.54% year on year. Stocks of wire rods climbed 13.93% this week to 241,200 mt, 12.1% lower than the same period last year.

Inventory data

Long steel

Rebar

Wire rods

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Feb 19, 2020 17:52

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